Sugar sector: Ethanol price hike & aggressive implementation on the way ? 5 sugar stock with upside potential up to 25% - 3 months ago
On Tuesday when the whole market was crashing, it was select sugar stocks which were amongst the gainers. There were some reports which suggested that the government might soon be hiking the price of ethanol. Also the government would be getting more aggressive with the implementation of blending with petrol. Yes, it might happen, but the question is that whether price hike is the reason why one should be bullish on sugar stocks or the fact that sugar industry has become a part of the clean energy chain and their balance sheet has become better than what it use to be, debt levels are better and growth would be consistent. Knowing the reason and understanding is critical because when you know the reason it helps in staying with stocks till the time the whole growth story plays out, if one does not know the reason and has bought it on hear say one might just sell in any corrective move which market is bound to witness at regular intervals.
Economic Times

Samvardhana Motherson shares surge over 4% after Q1 PAT jumps 65% YoY. Should you buy, sell or hold?SJVN Share Price - 3 months ago
Samvardhana Motherson International's stock saw a 4.5% rise to Rs 188.75 after the company reported a significant 65% YoY increase in net profit for Q1 FY25. Revenue also rose by 29%. Brokerages like JP Morgan and Nuvama expressed positive outlooks, emphasizing SAMIL's diversified presence and strong growth potential.
Economic Times

Number of active investors on NSE surged by 13.9% in June: NSE report - 3 months ago
The number of active investors on the National Stock Exchange (NSE) has surged by 13.9 per cent month-on-month, reaching 1.5 crore in June. This increase marks the third consecutive month of growth in active market users.
Economic Times

5 lessons from Rakesh Jhunjhunwala's investment philosophy on his 2nd death anniversaryTitan Company Share Price - 3 months ago
Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away two years ago. Renowned for his long-term investment strategy and faith in competent management, Jhunjhunwala managed Rare Enterprises. His legacy emphasizes patience, pragmatism, and learning from mistakes, guiding modern investors today.
Economic Times

20 times return in 20 years: Nifty trumps S&P 500, gold, other asset classes - 3 months ago
Indian equity indices are currently on a bull run and analysts believe that India is a long-term story. The indices have remained resilient despite various announcements coming in on taxation in the budget and SEBI’s effort to reduce the speculative trading in the derivatives segment.In the last 2 months, Nifty has rallied by 1,000 points from 23k mark to 24k in a span of just 17 trading days while the second rally from 24k to 25k was achieved in 24 trading sessions.Online investment platform FundsIndia collated the CAGRs of Nifty along with other indices wherein the former has outperformed the latter in a span of 20 years. Here is the list:
Economic Times

Ola Electric shares in focus ahead of Q1 results; stock up 49% since listing - 3 months ago
Ola Electric shares, up 49% since their listing, are in focus as the company prepares to announce its first-quarter results for FY2025. The board's first post-listing meeting is scheduled for August 14, where the Q1 results for FY2025 will be revealed.
Economic Times

Mining stocks like NMDC, Tata Steel fall up to 5% on SC royalty orderVedanta Share Price - 3 months ago
Shares of PSU National Mineral Development Corporation (NMDC) were among the worst hit and were trading over 5% lower at Rs 212 on NSE, while Tata Steel fell over 4%.
Economic Times

Hero Motocorp shares skid 4% after weaker-than-expected Q1 results. What do analysts sayHero MotoCorp Share Price - 3 months ago
Shares of Hero MotoCorp fell over 4% to a day’s low of Rs 5,023.10 on the BSE on Wednesday after reporting a 36% year-on-year increase in net profit, which missed analysts' estimates. The company's standalone net profit for the June 2024 quarter was Rs 1,123 crore, with revenue rising 16% to Rs 10,144 crore.
Economic Times

HAL, SBI among 8 picks recommended by experts as Independence Day themeVoltas Share Price - 3 months ago
On the occasion of India's 78th Independence Day, financial experts recommended eight stocks poised for strong returns within a year. Included among these are Aarti Drugs, NOCIL, Federal Bank, Voltas, HAL, L&T, SBI, and Bharat Dynamics. They advised investors to focus on strong fundamentals and reduce exposure to highly leveraged stocks.
Economic Times

Stock Radar: 60% rally in just 3 months! What should investors do with Rs 21,000 crore Mcap FMCG stock? - 3 months ago
Bikaji Foods International Ltd's stock experienced a remarkable 60% increase in the past three months, achieving a new record high in August 2024. Analysts recommend short-term investments targeting Rs 900 within 6-7 weeks. The stock's upward trend, supported by strong trading volume, indicates sustained bullish momentum.
Economic Times

SJVN shares jump 9% on 31% YoY jump in Q1 profitSJVN Share Price - 3 months ago
SJVN Share Price: Shares of state-owned hydropower company SJVN surged up to 9% to a day's high of Rs 148.85 on the BSE on Wednesday. This rise followed a 31% year-on-year increase in its consolidated net profit to Rs 357.09 crore for the June quarter, attributed to higher income. The company had reported a net profit of Rs 271.75 crore for the same period in the previous financial year.
Economic Times

Nykaa shares jump 6% after Q1 PAT soars 152% YoY. Should you invest?FSN E-Commerce Ventures Share Price - 3 months ago
Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy.
Economic Times

Hero Motocorp shares fall nearly 3% after weaker-than-expected Q1 results. What do analysts sayHero MotoCorp Share Price - 3 months ago
Shares of Hero MotoCorp fell 2.7% to a day’s low of Rs 5,066.45 on the BSE on Wednesday after reporting a 36% year-on-year increase in net profit, which missed analysts' estimates. The company's standalone net profit for the June 2024 quarter was Rs 1,123 crore, with revenue rising 16% to Rs 10,144 crore.
Economic Times

Sensex, Nifty open marginally higher tracking positive cues from global peersUltraTech Cement Share Price - 3 months ago
U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month.
Economic Times

PSU stocks: Both mutual funds and FIIs just turned bearish on these 13 countersThe New India Assurance Company Share Price - 3 months ago
Amid concerns over PSU valuations, both MFs and FIIs reduced their stakes in at least 13 PSU stocks in the June quarter, while small retail investors bought these stocks. Q1 data shows MFs sold stakes in 28 PSU stocks and FIIs in 30. Notably, retail investors increased their stake in HAL, a favorite defense PSU, despite MFs and FIIs reducing theirs.
Economic Times

Hot stocks: Brokerage view on Hindalco, Hero Motocorp, Max Financial, Apollo Hospitals and Nykaa - 3 months ago
Top brokerage firms shared their latest stock ratings: JP Morgan recommended Hindalco and Apollo Hospitals, highlighting robust expansions and increased occupancy rates. Goldman Sachs suggested selling Hero Motocorp due to revenue shortfalls. Jefferies and Investec advised buying Max Financial and Nykaa, seeing growth potential. Detailed analysis and future projections backed these recommendations.
Economic Times

India’s Wealthiest Investors in Q1: Radhakishan Damani, Jhunjhunwala Family, Mukul Agrawal, and others - 3 months ago
In the first half of 2024, India's wealthiest investors experienced significant shifts in their portfolios, reflecting the market's volatility and opportunities. While investors such as Radhakishan Damani and Akash Bhanshali enjoyed substantial gains, others, including the Jhunjhunwala family, faced declines. Here is the list of India's top richest investors for Q1 of FY25.
Economic Times

Australian shares rise as soft US producer prices data lifts rate-cut hopes - 3 months ago
The Australian stock market extended its gains for the fourth straight session on Wednesday, buoyed by lower-than-expected U.S. producer prices, which increased hopes of a Federal Reserve interest rate cut in September. Significant movements included strong corporate earnings from CBA and AGL Energy, alongside gains in gold and real estate stocks.
Economic Times

SpiceJet's Ajay Singh to dilute stake by over 10% to raise Rs 3,000 crore amid financial strugglesSpiceJet Share Price - 3 months ago
Ajay Singh, the promoter of SpiceJet, is set to reduce his shareholding in the beleaguered airline by over 10% to raise approximately ₹3,000 crore. Despite the dilution, Singh will remain the largest shareholder, with his stake expected to fall to 30-35%. The airline aims to issue new shares to investors to bolster its capital base. SpiceJet, grappling with financial challenges and operational issues, hopes that the infusion of funds will help stabilize its operations and attract investors amid a robust demand for air travel in India.
Economic Times

FirstCry and Unicommerce make stellar market debutUnicommerce eSolutions Share Price - 3 months ago
FirstCry and Unicommerce launched successfully on the stock market, with FirstCry's shares opening 34% higher and closing 46% above their IPO price. This raised its market value to over ₹35,213 crore. Unicommerce's IPO saw a subscription rate of 170 times, debuting well above its issue price, despite a 9% drop by the closing.
Economic Times

Wall Street ends higher as softer producer prices data boosts rate-cut bets - 3 months ago
U.S. stock indexes climbed to nearly two-week highs on Tuesday, driven by softer producer price data for July which bolstered expectations of a Federal Reserve interest-rate cut. Investors anticipated upcoming consumer-price and retail sales data to confirm these rate cut bets. Technology and consumer discretionary sectors saw major gains while energy shares declined.
Economic Times

Fear fades in US stocks, but history shows quick return to calm unlikely - 3 months ago
Volatility in U.S. stocks has subsided since last week's turmoil, yet markets may stay unsettled for months. The Cboe Volatility Index and the S&P 500 show signs of recovery. History indicates it takes time to regain stability. Investors are watching upcoming economic data for clues about future trends, maintaining a cautious approach.
Economic Times

ET Analysis: Project ramp-ups, deal flow to script IT show on D-StreetWipro Share Price - 3 months ago
Top IT stocks such as TCS, Infosys, and Wipro lost 3-6% in August after initial excitement due to market volatility and US demand uncertainty. Despite solid June quarter results and new deals, slow project ramp-ups and cautious client budgets contributed to the decline. Improved profitability is expected due to falling employee attrition rates.
Economic Times

World affairs, HDFC Bank weightage worry indicesHDFC Bank Share Price - 3 months ago
India's equity indices dropped almost 1% on Tuesday, continuing their downward trend for a second day. Traders remained cautious due to geopolitical concerns and the upcoming US CPI data release. Both NSE Nifty and BSE Sensex saw significant declines, with HDFC Bank shares impacted by MSCI's phased weight increase decision.
Economic Times

Inclusion of 7 stocks in MSCI indices could draw $3 billionZydus Lifesciences Share Price - 3 months ago
India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven companies joined the global standard index, boosting India's weight in the emerging markets index to 20%.
Economic Times

Goldman, JPMorgan say markets pricing in higher recession odds - 3 months ago
Recent market signals suggest a rising probability of a U.S. recession, with models from Goldman Sachs and JPMorgan reflecting higher risks. Despite warnings from bond markets, overall economic indicators like job growth and small-business optimism paint a mixed picture. Recession odds have increased, but not all economists agree on its imminence.
Economic Times

Asian stocks track US rally in countdown to CPI: Markets wrap - 3 months ago
Asian markets surged following US inflation data suggesting the Federal Reserve might ease monetary policy in September. Japan and South Korea saw notable gains. The US producer price index increased less than expected, enhancing Fed rate cut expectations. Investors are also eyeing US consumer price index data for further signs of easing inflation pressures.
Economic Times

Stock Radar | Max Financial Services likely to hit fresh 52-week highs; time to buy? - 3 months ago
“We are seeing noticeable traction in the stocks from life insurance basket and Max Financial Services stock is trading in sync with the move. Traders can buy for a target of Rs 1400 in the next 2-4 weeks,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.
Economic Times

Stocks in news: Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola ElectricVedanta Share Price - 3 months ago
On Tuesday, the Sensex dropped nearly 700 points, extending the market's losses. Key stocks such as Hero MotoCorp, Hindalco, Apollo Hospitals, and Vedanta were in focus due to new developments and quarterly results. Hero MotoCorp and Apollo Hospitals reported strong profit growth, while IRCTC and Nykaa also showed impressive gains.
Economic Times

Contrarian investment in volatile markets: These 5 bank stocks can give 23-49% returns in 1 year, according to analystsDCB Bank Share Price - 3 months ago
Banks have been leading the correction but it is more due to technical reasons, which is the over ownership of FPI in this segment. But if things are improving on the fundamental side, which in majority is the case, then probably it is time to consider a contrarian investment or even a trade. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Daily Trading Desk: A port stock for short term 6% gain & EV for positional trade for 13% gain - 3 months ago
Markets showed mixed behavior recently, with Tuesday's session ending with the Nifty down 208 points (-0.85%) after a period of consolidation. Despite defensive sectors performing well, stock-specific opportunities arise. GREAVESCOT is poised for a potential 7% breakout after forming a base near Rs. 112. Gujarat Pipavav Port is poised for a potential 7% breakout, offering an attractive entry point.
Economic Times

Stock Radar: Insurance stocks look attractive; Max Financial Services could hit fresh 52-week highsMax Financial Services Share Price - 3 months ago
Max Financial Services experienced a decline from July 2024 highs but rebounded after consolidating for eight months. Experts suggest high-risk traders target Rs 1,400, as the stock broke resistance levels between 1,069 and 1,080. They recommend buying during dips towards this range, aiming for gains over the next 2-4 months.
Economic Times

NSE hikes ceiling amount payable out of Investor Protection Fund Trust - 3 months ago
The National Stock Exchange has raised the Investor Protection Fund Trust compensation limit to Rs 35 lakh, up from Rs 25 lakh. The new limit applies to claims against trading members declared defaulter or expelled. The fund was established to compensate investors in such events and to promote investor education and awareness.
Economic Times

Indus Towers' Rs 2,600 crore share buyback offer to begin on August 14Indus Towers Share Price - 3 months ago
It had fixed August 9 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.
Economic Times

​Market Trading Guide: Ipca Lab, Oil India among 4 stock recommendations for Wednesday​ - 3 months ago
Indian benchmark equity indices Sensex and Nifty closed in the red on Tuesday, dragged by HDFC Bank. The S&P BSE Sensex closed 0.87% lower at 78,956, while the NSE Nifty50 index ended below the 24,150 level."The recent swing high of 24472 seems to be a lower top for the Nifty as per daily timeframe chart. A slide below another lower support of 24000-23900 levels could trigger a reasonable downward correction in the market. Immediate resistance is placed at 24350 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:
Economic Times

These 13 midcap stocks hit a 52-week high and rallied up to 40% in a month - 3 months ago
On Tuesday, India's benchmark index, the Sensex, fell by approximately 692 points, closing at 78,956. Despite this drop, 13 stocks within the BSE midcap index reached their highest prices in the past year. Hitting a 52-week high is significant as it represents the highest value a stock has attained over the last year, serving as a crucial indicator for traders and investors. This benchmark is useful for evaluating a stock's current worth and forecasting potential future price movements
Economic Times

US stocks rise as inflation pressures ease and Starbucks soars with new CEO appointment - 3 months ago
Wall Street opened higher on Tuesday after producer prices data showed abating inflation pressures, keeping the Federal Reserve on track to cut rates in September, while Starbucks soared after appointing Chipotle's Brian Niccol as CEO.
Economic Times

US stocks open higher on PPI, Starbucks boost - 3 months ago
Wall Street opened higher on Tuesday after producer prices data showed abating inflation pressures, keeping the Federal Reserve on track to cut rates in September, while Starbucks soared after appointing Chipotle's Brian Niccol as CEO.
Economic Times

Manappuram Finance, Birlasoft among 5 stocks with long unwinding - 3 months ago
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a long unwinding. Here's the list:
Economic Times

Deal flow, project ramp ups to determine future performance of IT stocksWipro Share Price - 3 months ago
The initial euphoria in stocks of top IT companies after their June quarter financial performance seems to have waned. The stocks of Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, Tech Mahindra, and LTIMindtree have lost between 3% and 6% in August so far driven by market volatility and mounting uncertainty over the demand form the US, a major market for Indian IT sector.
Economic Times

Reliance Industries, Piramal Enterprises among 5 stocks with short covering - 3 months ago
Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw short covering. Here's the list:
Economic Times

Nithin Kamath says domestic markets need more IPOs after a strong run. Here's whyBrainbees Solutions Share Price - 3 months ago
Nithin Kamath observed that successful IPOs benefit the markets by encouraging more companies to pursue IPOs and attracting increased interest from both retail and institutional investors.
Economic Times

Hindalco onboards Ananya Birla, Aryaman Birla as additional non-executive DirectorsHindalco Industries Share Price - 3 months ago
The Board of Hindalco Industries approved the appointment of Ananya Birla and Aryaman Vikram Birla as Additional Non-Executive Directors of the company.
Economic Times

Technical Breakout Stocks: How to trade Inox Wind, Ajanta Pharma and Aurobindo Pharma on Wednesday? - 3 months ago
Indian market closed in the red for the second consecutive day in a row on Tuesday tracking muted global cues.The S&P BSE Sensex fell nearly 700 points while the Nifty50 was down 208 points to close at 24,139.
Economic Times

Ashish Kacholia-backed Aditya Vision announces record date for 1:10 stock split - 3 months ago
The shares of Aditya Vision surged and closed 5% higher at Rs 4,401 on BSE today after the company on Monday announced August 27 as the record date for the sub-division of its shares in the ratio of 1:10.
Economic Times

Tech View: Nifty stuck in 24,000-24,400 trading range. Here’s how to trade on Wednesday - 3 months ago
Nifty ended Tuesday’s session 208 points lower above 24,100-level to form a long negative candle on the daily chart, indicating the possibility of downside breakout of the range movement.
Economic Times

Market Wrap: Over Rs 4 lakh crore wiped off! Sensex tumbles 693 pts as HDFC Bank weighs heavyHDFC Bank Share Price - 3 months ago
The Indian equity markets experienced a downturn on Tuesday, with Sensex dropping 693 points, driven mainly by HDFC Bank's anticipated lower inflows due to MSCI adjustments. Other major contributors to the decline included SBI, ITC, Tata Motors, and Bajaj Finance, resulting in a significant shrinkage in overall market capitalisation.
Economic Times

Vedanta to sell 2.6% stake in Hindustan Zinc via OFSVedanta Share Price - 3 months ago
The Metals and mining major held a 64.92% stake in HZL as of the June quarter, with the government owning 29.54%. The proceeds will help Vedanta reduce its debt. As of March 2024, Vedanta's gross debt was ₹71,759 crore and net debt at ₹56,338 crore. The company held cash and equivalents of ₹15,421 crore. FY24 finance costs rose to ₹9,465 crore from ₹6,225 crore, driven by increased borrowings and higher interest rates.
Economic Times

Unicommerce shares turn multibagger in bumper listing. What should investors do?IIFL Securities Share Price - 3 months ago
Unicommerce eSolutions made a spectacular debut on the exchanges on Tuesday, listing at Rs 235 per share, which is a staggering 117% premium over its issue price.
Economic Times

How should investors respond to current market fluctuations? - 3 months ago
The ebbs and flows of stock markets are quite inevitable. It often leads to fear among investors and they end up making poor decisions. To know more, ETMarkets spoke to Arun Kumar, VP & Head of Research at FundsIndia, on the current market scenario and how to deal with it.
Economic Times